Is there Kiddie Tax- college student dependent child on parents return with $8,000 unemployment

Forum|Forum|5 years ago
February 26, 2021
2 replies
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form 8615 only ask you if investment income is over $2,200. I answered No

daughter is 19 years old a college student on parent's return.

she had $8,000 in unemployment and $3000 in wages.

Is there kiddie tax? is unemployment uneraned income of kiddie tax?

Parents tax rate is 22% and daughter rate is 10%

thanks john

ProSeries Basic

This topic has been closed for replies.

Just-Lisa-Now-

Intuit Community Champion

Any unearned income, not just investment income, is subject to kiddie tax. The kiddie tax is on the kids return, with the 8615, you dont put the kids unemployment on the parents return.

Going to be a lot of teenagers that need to pay the piper this year. They received lots of money they wouldnt normally have received and way more than they could have ever earned working in that period of time, so Im sure they can afford the taxes.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

JOHNNYCPAAuthor

Level 4

thanks Lisa

JOHNNYCPAAuthor

Level 4

proseries ( basic software) question is misleading on 8615 screen. It states do you have investment income over $2,200 . It should ask unearned income over $2,200.

qbteachmt

Level 15

"Is there kiddie tax? is unemployment uneraned income of kiddie tax?"

Yes. Yes.

Unemployment is treated the same as Investment earnings, in that it is Unearned.

Yes, some State's are making consideration for Unemployment.

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